Credit Corp

APRIL 3, 2023

Studies show that college tuition increased by 134% at private colleges and 175% at public universities from 2003 to 2023. To help cover these costs, many families and students start saving for college to help avoid student loans. Quick Answer : 529 plans are tax advantaged savings plans to help pay for educational expenses.

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Collection Industry News

OCTOBER 21, 2022

As homeowners reel from a sudden surge in mortgage costs, a spike in five-year UK swap rates has also sent chills across Britain’s $1.6 Data from MSCI, which tracks monthly changes over 1,794 properties valued at around 37 billion pounds ($42 billion), showed values fell by 2.6% and Hammerson (HMSO.L)

Retail 40

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Troutman Sanders

DECEMBER 20, 2022

In its original complaint against the scheme operators, the FTC alleged that the operators provided false information to credit reporting agencies; pitched customers a supposed business opportunity to create their own fake credit repair scheme; and encouraged users to pay for misleading services using COVID-19 tax relief funds.

Financial services 52

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CSA

MARCH 4, 2021

Given the economic circumstances facing Rishi Sunak before he stood up to deliver Wednesday's Budget (3 March), you could be forgiven for thinking he faced one of the most difficult tasks a Chancellor has had to grapple with for decades. The primary goal for the Budget was ?to to do no harm? We expect this to add about ?45bn levels thereafter.

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Credit Corp

MAY 1, 2024

While it can provide relief from overwhelming debt, it may have significant consequences, including damage to your credit score, tax implications, and potential legal actions from creditors. By the end of 2023, American consumers had more than $1.13 trillion in credit card debt. What Is Debt Forgiveness? Pay the agreed-upon amount.

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Troutman Sanders

MARCH 8, 2021

Our bank and loan servicing clients also face novel challenges affecting their industry due to COVID-19, particularly the ever-changing rules and regulations concerning evictions and foreclosures. Currently, any student loan debt canceled by the government can be considered taxable and levied at the borrower’s normal income tax rate.

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Collection Industry News

OCTOBER 3, 2022

Arkansas is one of seven states in which canceled student loan debt may be treated as taxable income, but whether it is, student loan forgiveness is expected to create a tax burden shift from the borrowers. Recently, President Joe Biden announced plans to cancel up to $20,000 in student loan debt, depending on borrowers’ income.

Student loans 40

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Troutman Sanders

DECEMBER 4, 2023

On December 1, the House of Representatives approved a resolution to repeal a Consumer Financial Protection Bureau (CFPB) rule that mandated banks to gather data on loan applications from women-owned, minority-owned, and small businesses to help lenders identify business development needs and opportunities. For more information, click here.

Financial services 52

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Troutman Sanders

SEPTEMBER 11, 2023

Forty-one states and the District of Columbia are entering into a parallel multistate settlement addressing the same conduct. Tempoe is paying a $2 million penalty, with $1 million deposited into CFPB’s victims’ relief fund and $1 million paid to the states entered into the settlement. For more information, click here.

Financial services 52

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Fraser

AUGUST 5, 2022

Why it Matters: Small businesses impacted by the COVID-19 pandemic can apply for funds through private lenders and the MEDC would back the loans through the SSBCI program. Distracted driving is also costly for drivers, as those who violate distracted driving laws tend to see their insurance rates shoot up. Department of Treasury.

Lender 64

Lender Loans 64

Troutman Sanders

MAY 2, 2023

PACE loans, secured by a property tax lien on the borrower’s home, are often promoted as a way to finance clean energy improvements, such as solar panels. For more information, click here. On April 29, U.S. Representative Patrick McHenry (R-NC) and U.S. For more information, click here.

Financial services 52

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